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Indian economy is on a firm footing with an improved external sector sustainability and a robust corporate balance sheet which along with a thrust on production linked incentive schemes could boost employment, said the Reserve Bank of India in its annual report. «The outlook for the Indian economy remains bright, underpinned by a sustained strengthening of macroeconomic fundamentals, robust financial and corporate sectors and a resilient external sector,» RBI said.

Fyllo has announced that it has raised $4 million in a fresh funding round led by IndiaQuotient and SIDBI Ventures. Existing investors Triveni Trusts, IAN, and KIAORA participated in the round. Fyllo said it will use the funds to expand into new geographies and crops and develop more precision agriculture products.

₹545. The brokerage firm estimates that the stock might rise by 26% going forward. Given that Juniper Hotels is building big box hotels in strategic demand-generating areas, the brokerage said in its research that it is optimistic about the company's growth narrative.

Congress leader Rahul Gandhi on Thursday said renowned figures like Martin Luther King Jr., Nelson Mandela, and Albert Einstein drew inspiration from Mahatma Gandhi. He made these remarks during a political gathering in Odisha's Balasore district. Responding to Prime Minister Narendra Modi's assertion that the world only learned of Mahatma Gandhi through the film 'Gandhi,' Rahul Gandhi criticised those affiliated with the RSS, suggesting their lack of understanding regarding Gandhi's legacy. «Whose training is done in 'sakha' of RSS, they are followers of Godse, they do not know anything about Gandhiji. They do not know about the history of Hindustan, truth and violence. This is expected that the PM will tell that the world does not know anything about Gandhiji,» he said.

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Exide Industries has gained the most, 59.5 percent, followed by M&M, Samvardhana Motherson, and Bosch, up over 40 percent each. Meanwhile, Bajaj Auto, Hero Moto, Ashok Leyland, Tata Motors DVR, Tata Motors, and Balkrishna Industries also jumped between 20 percent and 34 percent each.

The problem of climate change cannot be solved without capitalism. Governments have tried for more than three decades with little to show for it. And while more of them are now engaging partners in the private sector, the world is still lagging in deploying the full power of the market.

Lok Sabha Elections 2024 will end with the commencement of last and seventh phase of polling on June 1.Soon after the last vote is polled on June 1, Exit Polls by different agencies will start releasing numbers predicting the anticipated winners and the margin of their victory. The official results will be declared by the Election Commission of India (ECI) on June 4, however.

A new government will soon take charge at the centre. Hopefully, India’s new government will have a long-term vision and the courage to think outside the box. Nothing less will do to prepare India for the emerging new global economy, driven by fundamental, disruptive technological changes that are gathering momentum.

shares of Awfis Space Solutions listed on the exchanges on Thursday with a premium of 13.6%. The stock debuted at Rs 435 on NSE as against an issue price of Rs 383 per share. Ahead of the listing, the company's shares traded with a GMP of Rs 125 in the unlisted market.

Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook', attributed India's firm growth to three megatrends — global offshoring, digitalization, and energy transition. Morgan Stanley forecasts 6.8 per cent growth in 2024 (against RBI's 7 per cent), and 6.5 per cent the next, and thinks inflation will stay within policymakers' comfort zone.

global capability centres (GCCs) are opening offices here because of the easy access to a skilled labour pool, low cost of operation, digitisation and other factors. More global companies are opening these offshore units to perform numerous business functions and operations, and innovations to enhance productivity. As a result, these centres present endless job and growth opportunities for early career professionals. Hence, it would be beneficial for young minds to understand the roles, skills and pay at GCCs if they want a career in this segment. GCCs: A deep dive into what they are

Apollo Hospitals is expected to post healthy growth in core earnings for the quarter ended March 2024 due to improved ARPOB (average revenue per occupied bed) and Healthco operations. The company will announce its results later today in the evening. Net profit for the fourth quarter is likely to grow up to 68% year-on-year, according to various analyst estimates, while net sales are expected to rise 13% year-on-year.

Siddhartha Khemka, Head-Retail Research, MOFSL, says if the BJP manages on its own around 340-350 seats, that will definitely enthuse the market to some extent and overall, we are expecting that barring a few days of volatility, market focus will return to fundamentals. On both the macro as well as on the micro front, India stands pretty confident with 6.5 plus percent growth expected for the next two years and 16- 18% corporate earnings growth for next two years. Are we headed for a sell-on-news market on June 4 and do you think a market which is already easing off, has a chance to go up or will it be down? Siddhartha Khemka: There are various possible scenarios and outcomes and based on that, the market could react. There is a lot of talks and a lot of reports being floated around with respect to how market would react to the number that the BJP kind of garners, so anything between that 310-320 would be a scenario where I would believe that it is a news or event that is already discounted for and we could see some partial profit booking after that.

Dipan Mehta, Director, Elixir Equities, says he wants to go very light into the election season on any positions and any investments he is not completely confident about. Now that the earning season is over and done with, we have a far greater clarity on the prospects of all the companies, so from that point of view it is better to be cautious. If the results are good, then you will have the whole year to profit. But if it is bad, exit will be very difficult. What should be the strategy ahead of not just June 1st but the big one – June 4th? Dipan Mehta: Be as light as possible. Curtail all trading positions, options, futures, everything. Just enjoy the election result and watch all your news channels giving all their comments on what has gone right and what has gone wrong. It is best to be relatively light and in cash. The risk return does not really favour you. Even if it is a spectacularly good result, you will have opportunities to buy. But if it is a bad Lok Sabha result outcome, you would not get a chance to sell, that I am certain about.

quarter results season is almost coming to a close, and as many as 895 companies will announce their earnings on Thursday. Among such a massive mix, investors will watch out for earnings from Apollo Hospitals, which is expected to post a healthy improvement in earnings. Other companies which will also announce their earnings include Muthoot Finance, Bharat Dynamics, Godrey Phillips, Swan Energy, TBO Tek, Authum Investment, Praj Industries, Rajesh Exports, Marksans Pharma and many more.

Nifty has continuously gained on charts making higher highs and higher lows. The index made its new all-time high of 23,110 on Monday. The index has shown some correction since hitting its all-time high and closed very close to its 10-DEMA at 22,700.

Vijay Dewan, MD, Apeejay Surrendra Park Hotels, the overall consolidated EBITDA margin of the company for the year which has gone by has been at 35% and going forward with the steps which have been taken to improve efficiencies, this is going to improve upwards. There is a huge demand-supply mismatch in the market and the group is also upgrading the hotels. 10% of the inventory is going to be upgraded this year and higher average room rates are expected going forward. Q4 was a pretty strong quarter for you. But the question now is do you see similar growth trends continuing even from here? Also, tell us about your expansion plans. Vijay Dewan: During the year which is ahead of us, we are going to add about 238 rooms, out of which 52 rooms are going to be added in the palace category, the Ran Bass Palace by the Park at Patiala and the Chettinad Palace by the Park at Chettinad and additional hotels. And these palace hotels are high average room rate hotels and this is going to significantly drive our growth going forward.

DSP) stationed at Karachi's Anti-Vehicle Lifting Cell (AVLC) was caught in the act of selling stolen motorcycles, ARY News reported. A sting operation unfolded at the AVLC office, conducted by the ARY News exposing DSP Nijabat Hussain's illicit activities.

S&P Global has raised the outlook on India’s credit rating to “positive" from “stable" while affirming its rating of BBB minus. It cited robust economic growth and improved expenditure quality for the move, which puts India’s sovereign rating in the reckoning for an upgrade.

At 2.30pm on Wednesday, the NCR’s temperature hit a shocking 52.3 degrees Celsius, its hottest day ever, according to a screenshot taken by Mint. Earth sciences minister Kiren Rijuju later said this was “not official yet" and described such a high temperature as “very unlikely" while asking the weather office to verify the report. Nonetheless, extreme hot weather is increasing both in duration and intensity.